OECD Eurasia week

27.10.2017 09:55 1186

Organization for Economic Cooperation and Development (OECD) is launching a multi-national project to link the trade routes of the Eurasian countries to a single transport and logistics system. This was announced in Almaty at the forum "OECD Eurasia Week 2017". According to the OECD experts, there is an increase in the basic economic indicators in the countries of the Eurasian region. Kazakhstan is taking concrete measures to diversify the economy, increase the share of its own production, and reduce the export of raw materials.

TIMUR SULEIMENOV, KAZAKH MINISTER OF NATIONAL ECONOMY:

- I’ve got mining and we include oil and gas and metals into this category it was about 20%, 19,7- 19.6 something like that. Now it stands at about 12.7-13%. So, obviously this has come down. At the same time the service sector went up. We saw a modest pick up in manufacturing as well.

According to the Head of the OECD, having such a good support for economic sustainability, the countries of the region need to improve the transparency of doing business.

ANGEL GURRIA, OECD SECRETARY GENERAL:

- This is central objective for many Eurasia countries, which depend heavily on primary resources. Internal open is critical to the emergence of new firms, activities, sectors. This is why so much of our work with both OECD and Eurasia countries focuses on entrepreneurship

At present, the OECD representatives in Central Asian countries are preparing an analytical report, which will outline the theses on reforms aimed at increasing the competitiveness of states, the development of human capital and the availability of financing.